Courtesy of Jackson Thornton
Jackson Thornton, a Regional Leader based in Montgomery, Alabama, has acquired MST CPAs & Advisors, also headquartered in Montgomery, effective March 1.
MST was founded a decade ago by Jeremiah Moreland and W. Michael Shaw and serves clients across Central Alabama. Jackson Thornton dates back to 1919 and offers wealth management, strategic planning, outsourced CFO and business consulting services, technology consulting, and specialized industry services.
Jackson Thornton’s annual revenue was $37 million for fiscal year 2023. Prior to the acquisition, it has 33 partners and nearly 200 employees. At MST, there were two partners and five staff members.
“The addition of MST to the Jackson Thornton family gives our existing clients access to even more enhanced accounting and outsourced CFO services,” said Jackson Thornton president and CEO John Fendley in a statement. “At the same time, it gives our new clients a depth of experience and resources they haven’t had before. The people they know and trust are now backed by several teams of people offering a diverse array of expertise. We’re excited about this expansion and believe that this is a natural fit for both firms.”
Jackson Thornton has consistently appeared on Accounting Today‘s “Beyond the Top 100” list and the Regional Leaders list for the Top Firms on the Gulf Coast. It ranked fifth on Business Alabama‘s 2024 listing of Alabama’s largest accounting firms. Last year, JT was named a Best Company to Work For by Business Alabama.
“Joining Jackson Thornton puts us in a great position to expand and help our clients achieve their goals,” said MST partner Jeremy Moreland in a statement. “Our mission has always been to develop client relationships based on trust and personal attention. Jackson Thornton has the same philosophy, while providing hundreds of years of collective experience, and we look forward to enhancing our practices together.”
In 2018, Jackson Thornton
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